Auditors Performing Non-Audit Services and Why It Affects Their Independence
Introduction
Non-Audit Services (NAS) evolved in the pre-Sarbanes-Oxley Act (2002) era. This was a consequence of the need to increase revenue from the sale of such services by regular auditors to companies that are their clients already (Causholli, Chambers, & Payne, 2014). However, after the general financial crisis after the Enron, WorldCom and Anderson scandals, the Sarbanes-Oxley Act brought in some strict regulations in the types of non-audit services that are legally allowable and set a fee structure for the same to prevent exploitation and misinformation
